Gearing Up For Profits: How Eicher Motors Gave 51,599% Returns

If you had ₹1 lakh invested in Eicher Motors in September 2002, you could have had ₹6.81 crores today! This multibagger gave its investors insane returns of 51,599% in 20 years with ₹5,15,99,000 in profits and ₹1,65,87,240 in dividends. Let’s take a closer look at this company.

🏍️ Stock Name: Eicher Motors Ltd.
🏍️ NSE: $EICHERMOT

⚙️ About The Company
The parent company of Royal Enfield, Eicher Motors is a global leader in the middleweight motorcycle category. The world’s oldest motorcycle brand has been manufacturing motorcycles since 1901, focusing on offering a simple, yet engaging motorcycling experience. It also makes protective riding gears, urban casual wear and motorcycle accessories.

🌎 Global Presence
The motorcycling giant operates in India and has a presence in over 60 countries with modern facilities in Leicestershire and Chennai. It makes its motorcycles in Chennai for the entire world. The modern-day machines with retro styling are a hit amongst motorcycling enthusiasts.

🚚 VECV
In addition to motorcycles, Eicher is in a joint venture with Volvo which is Volvo Eicher Commercial Vehicles Limited (VECV). This venture has pioneered the modernisation of commercial vehicles in India and other developing countries. The trucks and buses are made in its integrated manufacturing plant in Pithampur, Madhya Pradesh. The plant is also the global hub for its medium-duty, 5 and 8-litre engines for the Volvo Group.

⭐ Key Developments
⚙️ Royal Enfield has 1889 dealers (989 stores and 900 studio stores) across 1,550 cities, where its network has grown by 3 times in the last 5 years
⚙️ The Bus segment has 308 dealers and 27 distributors.
⚙️ Has added 35 new stores globally, increasing its overall touchpoints to over 660 stores including 77 exclusive stores and 585 multi-brand outlets.

💰 Stock Value
On September 27, 2002, the shares of the company were trading at ₹6.80, while they were priced at ₹3515.55 as of September 26, 2022.